Nonprofit · EIN 31-1810538
KARLGAARD FAMILY FOUNDATION
Tax-exempt · GREAT FALLS, VA 22066
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $6,303,625 | $2,756,669 | $3,546,956 | $33,793,756 | $0 | $33,793,756 |
| December 31, 2024 | 990-PF | $15,646,704 | $2,266,317 | $13,380,387 | $32,831,642 | $0 | $32,831,642 |
| December 31, 2023 | 990-PF | $1,698,332 | $1,846,336 | -$148,004 | $21,096,570 | $0 | $21,096,570 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $3,398,095
- Dividends
- $334,457
- Interest
- $75
- Net gain from sales of assets
- $2,570,485
- Other income
- $513
Expenses
- Grants and similar amounts paid
- $2,387,522
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $2,390,475
- Excise tax on investment income
- $40,309
Balance sheet and other
- Total assets, start of year
- $32,831,642
- Total assets, end of year
- $33,793,756
- Total liabilities, end of year
- $0
- Net assets, end of year
- $33,793,756
- Fair market value of assets
- $56,596,864
- Qualifying distributions
- $2,390,475
- Net investment income
- $2,905,530
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID C KARLGAARD 5 CLARKS BRANCH ROAD, GREAT FALLS, VA 22066 | PRES & TREAS | 2 | $0 |
| MARILYN E KARLGAARD 5 CLARKS BRANCH ROAD, GREAT FALLS, VA 22066 | VP & SEC | 2 | $0 |
| JOANNA V KARLGAARD 2700 REMINGTON AVENUE 520, BALTIMORE, MD 21211 | ASST VP | 1 | $0 |
| CHRISTOPHER D KARLGAARD 8108 WRENFIELD DRIVE, WILLIAMSBURG, VA 23188 | ASST VP | 1 | $0 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID C KARLGAARD 5 CLARKS BRANCH ROAD, GREAT FALLS, VA 22066 | PRES & TREAS | 2 | $0 |
| MARILYN E KARLGAARD 5 CLARKS BRANCH ROAD, GREAT FALLS, VA 22066 | VP & SEC | 2 | $0 |
| JOANNA V KARLGAARD 2700 REMINGTON AVENUE 520, BALTIMORE, MD 21211 | ASST VP | 1 | $0 |
| CHRISTOPHER D KARLGAARD 8108 WRENFIELD DRIVE, WILLIAMSBURG, VA 23188 | ASST VP | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID C KARLGAARD 5 CLARKS BRANCH ROAD, GREAT FALLS, VA 22066 | PRES & TREAS | 2 | $0 |
| MARILYN E KARLGAARD 5 CLARKS BRANCH ROAD, GREAT FALLS, VA 22066 | VP & SEC | 2 | $0 |
| JOANNA V KARLGAARD 2700 REMINGTON AVENUE 520, BALTIMORE, MD 21211 | ASST VP | 1 | $0 |
| CHRISTOPHER D KARLGAARD 8108 WRENFIELD DRIVE, WILLIAMSBURG, VA 23188 | ASST VP | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5 CLARKS BRANCH RD, GREAT FALLS, VA 22066-4157
- In care of
- % DAVID C KARLGAARD
- Signed the 990-PF
- DAVID C KARLGAARD, PRESIDENT
- Phone
- (703) 272-8473
- Return prepared by
- CST GROUP CPAS PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 31-1810538
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $33,793,756
- Income (IRS master file)
- $14,248,264
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $6,303,625 | $2,756,669 | $33,793,756 | XML |
| 990-PF | December 2024 | $15,646,704 | $2,266,317 | $32,831,642 | XML |
| 990-PF | December 2023 | $1,698,332 | $1,846,336 | $21,096,570 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-1810538).
Questions about KARLGAARD FAMILY FOUNDATION
- What is the EIN of KARLGAARD FAMILY FOUNDATION?
- The employer identification number (EIN) of KARLGAARD FAMILY FOUNDATION is 31-1810538.
- Is KARLGAARD FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to KARLGAARD FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KARLGAARD FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KARLGAARD FAMILY FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KARLGAARD FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of KARLGAARD FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does KARLGAARD FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $6,303,625, expenses of $2,756,669 and total assets of $33,793,756 at year end.
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All nonprofits in GREAT FALLS · Virginia · Philanthropy, voluntarism and grantmaking foundations